Red Sea Global Launches Initiative to Restore Sailing Ships in Umluj

RSG stressed the importance of safeguarding this legacy for the local community
RSG stressed the importance of safeguarding this legacy for the local community
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Red Sea Global Launches Initiative to Restore Sailing Ships in Umluj

RSG stressed the importance of safeguarding this legacy for the local community
RSG stressed the importance of safeguarding this legacy for the local community

Red Sea Global (RSG), the developer behind the regenerative tourism destinations The Red Sea and Amaala, has launched an initiative to restore sailing ships to revive and preserve maritime heritage.
According to a statemet issued Thursday, RSG stressed the importance of safeguarding this legacy for the local community, as sailing ships have historically been a vital means of transporting goods and passengers between neighboring countries and cities.
The initiative included holding various workshops tailored for the local community to educate young people about traditional shipbuilding. Various stalls were also set up to support the locals to showcase and sell their products.
The statement added that the Oil Sustainability Program (OSP) contributed to the initiative by helping ensure the implementation of the best environmental practices. The program collaborated with JOUTN to supply environmentally friendly paint for the restoration process, which was carried out under the supervision of local fishermen and their families.
RSG said it had organized this initiative over two months. It held meetings with sailing ship owners and introduced them to the initiative's objectives. The owners expressed enthusiasm to participate and cooperate with the organizers.
RSG said it is committed to achieving sustainability in all aspects, with a particular focus on preserving local heritage. This initiative aims to transfer knowledge of a craft that has faded away, revive and pass it on to new generations to ensure its continuation.



Google-Backed Coalition to Help Scale Ocean, Rock Carbon Removals

A Google logo is seen at a company research facility in Mountain View, California, US, May 13, 2025. (Reuters)
A Google logo is seen at a company research facility in Mountain View, California, US, May 13, 2025. (Reuters)
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Google-Backed Coalition to Help Scale Ocean, Rock Carbon Removals

A Google logo is seen at a company research facility in Mountain View, California, US, May 13, 2025. (Reuters)
A Google logo is seen at a company research facility in Mountain View, California, US, May 13, 2025. (Reuters)

A coalition backed by Google, Stripe and Shopify will spend $1.7 million to buy carbon removal credits from three early stage firms on behalf of the tech giants to help scale up the nascent markets, an executive told Reuters.

The world is expected to need to suck between five and 10 billion tons a year of carbon emissions out of the atmosphere by mid-century to reach its climate goals, yet at the moment most technologies are small scale.

The coalition, called Frontier, is also backed by H&M Group, JPMorgan Chase and Salesforce, among others.

The group, which aggregates demand from its members, will spend $1.7 million to buy credits from US-firm Karbonetiq, Italy-based Limenet and Canadian firm pHathom.

By contracting to buy early, the firms are better able to hire, raise finance and get the technologies off the ground, said Hannah Bebbington, head of deployment at Frontier.

"It allows companies to demonstrate commercial viability," she said.

Frontier's support for these early stage firms, which aim to lock emissions away in the ocean or in rocks and industrial waste, marks its fifth series of commitments.

Frontier, which was set up in 2022, aims to invest at least $1 billion in carbon removal credits between 2022 and 2030. It has already committed $600 million, some on the series of pre-purchases and the bulk on a series of off-take agreements with larger firms. Last week, it agreed to pay $41 million for 116,000 tons from waste biomass firm Arbor.

For oceans, the aim is to increase the alkalinity of the water, helping it to lock away more carbon emissions. This is often done by adding "quicklime", made from limestone.

For the mineralization technologies, meanwhile, projects attempt to speed up the process whereby rocks and industrial waste naturally absorb carbon dioxide, for example by crushing up the material to create a larger surface area.

Bebbington said both technologies had the potential to be impactful because they could be scaled quickly and cheaply.

"We think (they) are extremely compelling from that really cheap at really large scale perspective."